If you’d like a safer, more reliable and more comfortable car for travelling to and from work and on using on weekends, budget about 20 to 25 per cent of your income.If you’d like a cheap, affordable and simple vehicle that’s good enough to get to and from work, budget about 10 to 15 per cent of your annual income.MoneyUnder30 recommends using one of three percentages** to work out how much you can afford to spend on a new car based on your needs:.Are you buying a car just to get to and from work or are you buying a vehicle you’ll use for road trips and weekend drives? The amount you should spend on a car as a percentage of your salary really depends on how much you care about cars.Are you a car person? While some people buy cars in order to get to and from their workplace, other people buy cars because they’re passionate about driving or like a certain make and model.On the other hand, if you still wish to purchase a vehicle, here is some guidance to make sure you do so affordably.Due to this, motorists are being urged to look after their current vehicles and protect themselves financially against expensive repair bills. A recent study showed that the cost of living crisis is causing one in five car buyers to delay their next vehicle purchase.Many of us are currently feeling the pinch and the additional cost of a vehicle may not be affordable. Before you do anything, it's time to ask yourself if you really need a new car.
Whether you’re shopping for a car you’re passionate about or just need a simple and effective car to get to and from work every day, read on to work out how much you might want to spend on your next car.In this guide, we’ll explain how much you can afford to spend on a new car, compared to the amount you earn every year. There are several rules of thumb for working out how much to spend on a new car, many of which are extremely helpful.Since your car is likely the second most expensive thing you’ll buy, after your home, it’s important to budget carefully to make sure it stays affordable. Your choice of car can have a huge effect on both your personal freedom and your finances.How Much of Your Salary Should You Spend on a New Car?
0 kommentar(er)
